BRN Discussion Ongoing

[HopalongPetrovski]

Totally hear what you are saying, but in my opinion the blame does not lie with the shorters, but actually with the company who have provided shorters with fabulous opportunities time and time again.

The famous Antonio line "the share price will do, what the share price will do". The company literally do nothing to support the share price.

I'm not "blaming" either the shorter's or the company.
In each case they are just "doing" what they do.

The shorter's and other manipulators, just like any other parasites in an ecology, merely follow their nature.
The company, as an immature entity, that is not yet self reliant raises credit wherever it can, in order to continue existence whilst it pursues its goal of becoming self sufficient through perfecting and marketing, and getting paid for, whatever it's product or service provides.
It is not actually in business to provide any particular share price at any particular time.

That is merely a by product of it's existence and the way it is viewed by the market, at any particular time.

And so, yes, the share price will do, what the share price will do.
That is merely a statement of fact.
Personally, I've never understood why some people find it so triggering.

 

[Pom down under]

Hey Meatloaf.
Yes, I get it, many peoples patience is wearing thin.
Mine too.
I also have many, many tens of thousands of dollars tied up here that I can ill afford to lose, and I too am getting sick and tired of mere rhetoric.

But what I am cautioning against is reactivity, for its own sake.
We all wish the Company had been proven more successful, commercially, sooner than it has.
I'm sure both the management and board of directors feel the same.

But I also don't want the situation to get worse still.
The modicum of satisfaction that will be derived by individuals in giving the board a kick and voting down their considered recommendation will, in my view, be massively outweighed by the damage done.
It could just sink the company or put it in limbo, and we might just wind up with a share holding, in nothing much at all.

I too, also hope that they can provide some conviction before a vote is required with some positive proof of success such as a large, recurring, revenue bearing engagement, with a notable and influential partner/customer.
Something that puts a little meat on our share price's bones, a fattening up so to speak, before we are sent off to market.

For quite some time now, and at present, our share price has been the plaything of shorter's and other manipulators, a large part of whose playbook involves destroying share holder's faith in the targeted companies management.
Any 5 minutes browsing the crapper will show you that.
After years chipping away at us I fear they are winning, and you know that won't be good for holder's like you and me, if they get they're way.

The company can do a lot more to re reassure the share holders and they need to do it now more than ever

 

[Beebo]

Rightly said but wrongly interpreted. Are you trying to tell us that US investors are mad who will spend a dollar worth 20 cents of thing or try to get it for 10 cents.
Until management proves worth of the company it is going to be a freefall.
It holds on asx coz a lot of us are now feeling struck with it.
We donot mind company moving to US but atleast show us some light in this dark tunnel.
Dyor

Sorry I did not understand your reply.
All I’m saying is staying listed on the ASX is a DEAD END.

A few years ago I used to get excited about one piece of neuromorphic news a month. Now a day doesn’t go by without many.

BRN had to reinvent itself waiting for the market to establish.

Well, it has arrived.

I would HATE to see an amazing piece BrianChip news come while still listed on ASX.

Remember my “walking up a descending escalator” analogy? That’s what we would be doing if we stay listed on ASX.

#Nasdaqbound

 

[Smoothsailing]

If we are in Nintendo then we should see that appear in the next quarter before the AGM, I’ll worry after April 4th I believe is their release date if we’re not involved.

 

[Pom down under]

Everyone keeps on bringing up Sean 5 year plan, maybe it was a normal common mistake by management in the announcement and it should have been 15

 

[Labsy]

Can't see how Loihi can beat us. Intel Loihi at the moment is only a research chip so it's not for commercial use.
Good to trial and compare with others such as AKIDA but that is about it.

Also, another reason why we need to move to US asap, because we will lose the stigma of a foreign competitor...

 

[rgupta]

Sorry I did not understand your reply.
All I’m saying is staying listed on the ASX is a DEAD END.

A few years ago I used to get excited about one piece of neuromorphic news a month. Now a day doesn’t go by without many.

BRN had to reinvent itself waiting for the market to establish.

Well, it has arrived.

I would HATE to see an amazing piece BrianChip news come while still listed on ASX.

Remember my “walking up a descending escalator” analogy? That’s what we would be doing if we stay listed on ASX.

#Nasdaqbound

I also say asx is dead but then team brainchip should show us they can raise some money outside asx as well
We just had a CR last nov and now back in market on market sale, that does not provide much confidence into brainchip management ability to generate funds outside the asx. Even on asx they get no one other than LDA or the last CR where they sell the shares to shorters to close their positions.
I am just doubting the abilities of brainchip management to transform the company from an ASX listed to US listing.
I will be the 1st person to vote yes if management can show us their capabilities, otherwise it is a big no at least from me.
Dyor

 

[Slade]

I’m certain you will turn into a liquid ‘Yes’ when you realize folks like me who own over 500K BRCHF cannot vote a single share at AGMs because I’m not an ASX holder…and millions like me don’t care to buy an ASX listed equity.

We NEED better exposure to US investor base. The Australian investor base has been exhausted…pooped…jaded!

Moving to a US exchange is GOOD BUSINESS + way better value for stock holders…and, sure, a little inconvenience to ASX holders.

Chin up!

#Nasdaqbound

Nope. That alone won’t do it.
Chin up!

 

[Cardpro]

I’m still clinging to my “glass half full” scenario. WHAT IF since Jan 1 BRN has received significant royalties from Renases and Megachips. The BoD know this even if we don’t see it yet. Based on this significant revenue they know that the share price will jump up a LOT when it’s revealed in the quarterly report which will be out before the AGM so it will soften the blow. It’s also the reason they sold 40m shares cheap to LDA at 50 cents a share. LDA won’t sell at a loss, they will want profit. The BOD looking at the revenue have thought “wow, we are seriously going to outgrow the ASX so let’s start thinking about moving to USA. No consolidation of shares needed as the share price is predicted to already be high enough…….. well that’s my dream anyway. DYOR.

IMO, if that has happened, they would've mentioned it on the annual report under "Significant events after the balance date" section...

 

[7für7]

I WANT… A BIG DEAL… WERE IS….. THE DEAL!?…. WHEN…. 5 dollars ? WHEN… RICH?

 

[7für7]

Moin from Germany, I'm not sure anymore if the US would be a good place to trade when I watch the video below from 01:10 to 1:25,



this exact behavior shows that the western world needs to revolt. If you also consider the measures that are being practiced on the USA's own people. These are very reminiscent of measures from the Nazi regime in 1933 when the whole mess began. Deporting people without a proper trial or taking them into custody. The US government wants to take away the birthright of Native Americans. People are being deported without due process, even so-called “naturalized” Americans. Examples that sound very much like the Nazi regime, replace “naturalized” with “Jewish” or “non-Aryan”. We have therefore created Article 16 of the Basic Law, and if companies continue to maintain or expand business relations with the USA, this will certainly not be received positively in Europe, as it is very reminiscent of companies such as “IG Farben”. There is currently a movement underway to avoid everything that comes from the USA or is produced by a US company in its own country, see Tesla. Several allies have sold their US government bonds, and here in Germany all major companies are aware of the connection with the current measures and have been reminded of “IG Farben”.This means that Trump has exactly the opposite effect, namely that Europe is withdrawing completely from the USA. That's why I think that switching to the USA is a stupid idea.If this Video goes viral. Citizens should finally wake up and realize that a new era has dawned in which the dominance of the USA will be broken.

I’m not sure if it’s a good place to live in Germany though…. Hummm

 

[Boab]

I’m certain you will turn into a liquid ‘Yes’ when you realize folks like me who own over 500K BRCHF cannot vote a single share at AGMs because I’m not an ASX holder…and millions like me don’t care to buy an ASX listed equity.

We NEED better exposure to US investor base. The Australian investor base has been exhausted…pooped…jaded!

Moving to a US exchange is GOOD BUSINESS + way better value for stock holders…and, sure, a little inconvenience to ASX holders.

Chin up!

#Nasdaqbound

It doesn't matter which Bourse we are trading on we just need to make some $$$$$$$$$$'s

 

[Meatloaf]

I’m still clinging to my “glass half full” scenario. WHAT IF since Jan 1 BRN has received significant royalties from Renases and Megachips. The BoD know this even if we don’t see it yet. Based on this significant revenue they know that the share price will jump up a LOT when it’s revealed in the quarterly report which will be out before the AGM so it will soften the blow. It’s also the reason they sold 40m shares cheap to LDA at 50 cents a share. LDA won’t sell at a loss, they will want profit. The BOD looking at the revenue have thought “wow, we are seriously going to outgrow the ASX so let’s start thinking about moving to USA. No consolidation of shares needed as the share price is predicted to already be high enough…….. well that’s my dream anyway. DYOR.

I hope you’re right but it’s only speculation. Personally I’ve had enough of speculation. Let’s get some facts instead. Fact is no new IP sales and revenue is piss poor.
Not down ramping just stating the obvious
Just my opinion

 

[FiveBucks]

If we are in Nintendo then we should see that appear in the next quarter before the AGM, I’ll worry after April 4th I believe is their release date if we’re not involved.

No. The 2nd of April is when Nintendo will be providing a lot more information about the switch 2. Release will be later in the year.

 

[Cardpro]

Shouldn’t revaluation come from actual business fundamentals like sales/revenues?

Instead of spending time and resources on relocating, BrainChip should focus on proving its worth through real-world adoption, contracts, and revenue growth.

They need to deliver results not some another way to get more free funding...

Looking back at past announcements, we’ve seen talks of partnerships with big names like Volkswagen, Ford, and Valeo, yet none of these have materialised into meaningful revenue.

Meanwhile, their financials (someone: watch the financials!), have remained crap for years.

Millions & millions spent on operations & employees, and yet only around $200K from engineering service fees.

Where is the commercial traction? What exactly is the team working on? What happened with the 100s of companies who signed NDAs as they have heaps of interest?? Why r they not putting money on where their mouth is?

If BrainChip truly wants to achieve revaluation, the answer is simple: land a major deal, prove industry adoption, and generate revenue.

That will do more for shareholder value than any listing change ever could (without revenue we will prob get fked over there too).

Focus on fundamentals instead of seeking shortcuts, that is your job... need to deliver results not trying to find some another way to get more free funding... put shareholders value over your own interest... it might be just a job for you but it is also hard earned savings from investors...

Imo only dyor

 

[DingoBorat]

how did the BOD think this was a good idea !

sentiment was already pretty low before the announcement

now its even worse ...

wouldn't it have made more sense to get Tony to reach out to a select few shareholders to get their feedback ... nuts

Did the board think??..

"They often go on about listing on the NASDAQ, they will absolutely LOVE this!!"

@rgupta, the short position is not near an all Time high, but about half, from what I can see..
Although it has gone up sharply, since from around the Anil announcement (which didn't apparently "need" to be made at all).

I remember a time, when BrainChip was actively against shorters (with the US ADRs I think, made to be unable to be used as a shorting tool).

Recently, over the last 3 years, there have been 2, maybe 3 occasions, where the shorters "should" have been in Big trouble, but were instead thrown successful "Hail Mary's"..

They are slimy characters though and by their own devices, are able to worm their way out of tricky situations, but it does raise the questions, that Rgupta poses.

For those that think, that listing on the NASDAQ, is the panacea, to all our problems, they should look to how Blaize (which has the same targeted markets) has performed since listing.

Yes, we are not Blaize.

Can't believe you @Hopalong are concerned about "leadership" being demoralised, if they don't get their way..

Two more days now, for anything substantial to come out, before the Kraken of LDA is released and actually "helps" the shorters come good on their bets.

Not really liking how things are going here, but there's always tomorrow.

 

[Meatloaf]

Hey Meatloaf.
Yes, I get it, many peoples patience is wearing thin.
Mine too.
I also have many, many tens of thousands of dollars tied up here that I can ill afford to lose, and I too am getting sick and tired of mere rhetoric.

But what I am cautioning against is reactivity, for its own sake.
We all wish the Company had been proven more successful, commercially, sooner than it has.
I'm sure both the management and board of directors feel the same.

But I also don't want the situation to get worse still.
The modicum of satisfaction that will be derived by individuals in giving the board a kick and voting down their considered recommendation will, in my view, be massively outweighed by the damage done.
It could just sink the company or put it in limbo, and we might just wind up with a share holding, in nothing much at all.

I too, also hope that they can provide some conviction before a vote is required with some positive proof of success such as a large, recurring, revenue bearing engagement, with a notable and influential partner/customer.
Something that puts a little meat on our share price's bones, a fattening up so to speak, before we are sent off to market.

For quite some time now, and at present, our share price has been the plaything of shorter's and other manipulators, a large part of whose playbook involves destroying share holder's faith in the targeted companies management.
Any 5 minutes browsing the crapper will show you that.
After years chipping away at us I fear they are winning, and you know that won't be good for holder's like you and me, if they get they're way.

I hear what you’re saying and I too have been trying to keep positive so that the negativity doesn’t impact us further. I get it. But I’ve had enough. I’m down 46%, that’s almost half my investment.
We get announcements and I’m hoping that it’s gonna be the one we’ve been waiting for and it’s just another quotation, cessation, cleansing notice, capital raise. FFS
I need management to convince me that my investment is secure and so far they’re making me feel more insecure.

If they cop a hiding at the AGM they deserve it. Brn have a great product but this current management are not capable of sealing deals. If that’s the case then they should look at selling the company, surely the patents are worth $5 a share.

What happens if another twelve months goes by and we are still in the same boat?

Anyway, I appreciate you trying to give me positives but today I needed to let off some steam.

 

[Meatloaf]

Also, another reason why we need to move to US asap, because we will lose the stigma of a foreign competitor...

Not all companies have to move to the US to make revenue to cover their costs. Moving to the US is not saving Brn, if that’s why they have to move then we are already doomed.

 

[DingoBorat]

YEAHH THAT’S RIGHT!!!! NO MORE WOOORDS!! WHAT DID THEY DO FOR US EXCEPT OF BUILDING STREETS???

View attachment 78680

They have not been the "Romans" to us, as of yet

 

[Luppo71]

I’m certain you will turn into a liquid ‘Yes’ when you realize folks like me who own over 500K BRCHF cannot vote a single share at AGMs because I’m not an ASX holder…and millions like me don’t care to buy an ASX listed equity.

We NEED better exposure to US investor base. The Australian investor base has been exhausted…pooped…jaded!

Moving to a US exchange is GOOD BUSINESS + way better value for stock holders…and, sure, a little inconvenience to ASX holders.

Chin up!

#Nasdaqbound

To be honest mate i care less about your 500k shares and more about the the billion or so shares held by Australians in Australia and
all the shares that will be sold at a very large loss in peoples superannuation if we go because they cnnot trade in the US.
So it will be a definate no from me unless big news before hand.